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The Latest Breaking News from the Strait of Hormuz

Stocks Surge on Signs the US and Iran Seek to End War

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.43%. June E-mini S&P futures (ESM26 ) rose +2.88%, and June E-mini Nasdaq futures...

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Trump Tells U.K. and Other Allies to 'Get Your Own Oil' as Strait of Hormuz Crisis Deepens

President Donald Trump lashed out at European nations like Britain and France, telling countries struggling with fuel shortages to "get your own oil" as the Strait of Hormuz remains severely disrupted.

International Business Times

Crude Oil Prices Retreat on Hopes the Iran War is Near an End

May WTI crude oil (CLK26 ) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26 ) closed down -0.0559 (-1.71%). Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end. Crude...

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Can Algeria's gas save the old continent from the Strait of Hormuz?

Algeria is acting as a "safety valve" for Europe, but cannot fully compensate for the loss of Qatari supply, energy expert Hashem Akl told Euronews.

Euronews

American brute force has failed in Iran – diplomacy must now resume

THE INDEPENDENT VIEW: Editorial: Donald Trump’s declaration that his Western allies must secure the Strait of Hormuz and get oil supplies going again is a cynical exercise in face-saving – and, Mr President, we will remember

The Independent UK

Marco Rubio discovering consequences in real time after Iran does what it promised: ‘That’s not going to be allowed’

Secretary of State Marco Rubio recently made it clear that the US won’t tolerate Iran’s threats to control the Strait of Hormuz, asserting that President Donald Trump has plenty of options to prevent such a move. Rubio, during an appearance on Good Morning America, delved into the US–Israeli war on…

The Mary Sue

After a Record Bull Run, Is the Cattle Market Headed for Collapse?

Our Senior Market Analyst discusses misleading media coverage, monster-sized cows, and why the Strait of Hormuz could be the ‘last straw’ for US beef demand.

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Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

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Stocks Climb on Hopes for an End to Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +1.10%, and June E-mini Nasdaq futures...

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Watch Pete Hegseth take swipe at ‘big bad Royal Navy’ in latest insult to allies over Iran war

Pete Hegseth took a swipe at the "big bad Royal Navy" in the Trump administration's latest insult to the US's allies, as he called for Britain and other nations to join the effort to reopen the Strait of Hormuz to global shipping traffic.

The Independent UK

Strait of Hormuz shutdown: What implications for Europe, for how long and how high can prices go?

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

Euronews

After the Iran war: 5 possible outcomes and 4 ways Canada can flex its middle-power muscle

The bombing in Iran and the broader Middle East will eventually cease. United States President Donald Trump keeps hinting about a possible end to hostilities and the U.S. has sent a 15-point peace proposal to Pakistan.

The Conversation

Stocks Rally as President Trump Considers Ending Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. June E-mini S&P futures (ESM26 ) are up +1.48%, and June E-mini Nasdaq futures...

Barchart

Kevin O’Leary Is Rooting for a Possible ‘Game-Changer’ Move to End Iranian Control of the Strait of Hormuz: $70 Oil in Store

Kevin O'Leary's ideal solution to return to cheaper gas prices would be easier said than done.

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Axios

Trump attacks allies, signals Iran war may end without opening Hormuz

Trump lashed out at the U.K. and France on Truth Social.

The Times of India

'Trump doesn't bluff': Pentagon chief warns Iran, says US wants deal but 'prepared to continue with bombs'

Pentagon chief Pete Hegseth declared upcoming days "decisive" in the Middle East conflict, warning Iran to "cut a deal" as President Trump "doesn’t bluff." He emphasized shifting power dynamics and US options, urging Tehran to relinquish ambitions and reopen the Strait of Hormuz. Escalation continues with recent attacks impacting oil…

The Times of India

'Get your own oil': Trump mocks UK, other countries amid Iran chokehold on Hormuz; slams France for being 'unhelpful'

US President Donald Trump criticised its allies stating that the countries facing jet fuel shortages due to Iran's control of the Strait of Hormuz should source their own oil. Trump also accused France of being unhelpful regarding Iran as tensions are escalating in the Middle East, impacting global oil prices.

The Independent UK

Trump tells UK ‘go get your own oil’ and warns that the US ‘won’t help you any more’ in latest tirade over Iran war

US president tells Keir Starmer to get some ‘courage’ and and ‘take’ fuel from the Strait of Hormuz

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The Independent UK

What is the ‘Gate of Tears’? Key shipping route that could be attacked by Houthis and disrupt global economy

The Bab al-Mandab strait has been a vital shipping route for Saudi Arabia since the closure of the Strait of Hormuz

The Independent UK

Keir Starmer to chair Cobra meeting over costs to households from Iran war

Sir Keir Starmer is set to chair a Cobra crisis committee meeting to address the impact of the war in Iran on UK households. Average energy bills are forecast to rise by almost £300 from July, reaching £1,929, despite a temporary fall in April due to green subsidy removal. Motorists…

Axios

U.S. average gas price hits $4 a gallon

There's little hope that costs will ease as the Strait of Hormuz remains closed to most ships, straining supplies worldwide.

The Independent UK

Britain faces one of the largest shocks from Iran war energy crisis, warns IMF

Oil prices have soared in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz

International Business Times UK

Trump Iran Threat 'No Deal, No Infrastructure' Warning Shakes Strait of Hormuz Talks

Trump warns Iran of targeting civilian energy and water systems if Strait of Hormuz deal fails, raising oil market and Middle East tensions

The Times of India

Willing to end war without re-opening Hormuz, Donald Trump tells aides as Iran refuses to budge

President Trump is reportedly willing to end the conflict without reopening the Strait of Hormuz, opting instead to weaken Iran's military capabilities and increase diplomatic pressure. This shift comes as an operation to unblock the strait was deemed likely to extend the conflict beyond his preferred timeline.

The Conversation

Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’

If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.

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